Bonk Token GP Surges by 40%, Reaches $85 Million Market Cap

The Bonk Ecosystem Development Protocol Token GP experienced a significant surge, reaching a market capitalization of over $85 million after rising 40% in the last 24 hours. Despite this impressive jump, official statements from the project’s leadership remain absent, leaving investors and observers to speculate on potential drivers behind the rapid increase. 24-hour trading volume also reflects a notable shift, but no reports of significant institutional investment have surfaced. The surge appears localized to the Bonk ecosystem itself, with little impact on broader crypto markets such as Ethereum or Bitcoin.